eCollector - Jan. 29, 2003 | Vol. 4 Number 2 


 

Market Report

Gold Hits Six-Year High; Great Auction Action on Dockets
Gold is up 34% in the past 12 months. Red-hot coin market is still filled with opportunities if you know where to look. Heritage to offer great selection of toned dollars in Long Beach sale. Bowers & Merena and Kingswood schedule major auctions for March 2003. Click here to read more.

Set Registry Spotlight

Paul Taylor - The Number One Finest 20th Century Gold Major Design Type Set - Circulation Strikes (1900-1933)
Every single coin in Paul Taylor's 2002 Set Registry Award winning set is the highest coin graded for that date! His 1904-S $5 is the finest graded with a total population of 110. Other low pop coins include his 1906 $10 in MS67 and his 1908-S $10 in MS68. This little 8-coin type set is amazing. Click here to view this award-winning set.

The new Canadian Coin Set Registry, live for only two weeks, already has 107 registered sets! If you are a Canadian coin collector using the Registry, please forward all comments and suggestions to [email protected]. We look forward to your feedback!

Gayle Kean and BJ Searls will be at the Long Beach Coin and Collectibles Expo Thursday, February 27th through Saturday, March 1st to meet Set Registrants and answer questions. We will have a live Internet connection to allow you to update your sets while at the show. See us at the PCGS booth. Click here for details.

The Barber Dimes and Barber Quarters have now been weighted. Also, the weighting queue has been updated. You'll find all this information and other updates on the Set Registry News page.

Fun, educational, and sometimes controversial, the PCGS Set Registry Messageboard remains the number one informative coin forum on the Internet. Get involved with other collectors who are currently participating in the Set Registry program or are just beginning. Click here to chat on the Set Registry Messageboard.

The PCGS Set RegistryTM is a work in progress. If you have any suggestions or comments please e-mail [email protected].

Building a Gold Type set? Go to the Authorized Dealer link on PCGS and click on Gold Coins in Specialties. Looking for dealers with Internet sites? Click on the Internet sites link in services. Search for more than 1,000 dealers in the PCGS Authorized Dealer listings.

Expert's Corner

The Story of the Origin of PCGS
PCGS has had a profound impact on the rare coin market since its launch in February, 1986. In this article, PCGS founder, David Hall, explains how the idea originated and came to fruition. Click here to read the story.

Collector's Survey
What's going to happen to the price of gold in 2003? Will this be another 1980 (with gold soaring over $800) or another disappointment or something in between? Here are five scenarios to choose from:

  1. Once the threat of war is over, gold will fall back near the $300-$320 level and end the year there.
  2. Gold has been underpriced for too long. War or no war, gold is going to $400+ soon and near $500 by the end of the year.
  3. Gold has peaked near the $375 level but it will maintain $350+ for most of the year.
  4. Gold is going straight back to $260 an ounce.
  5. There's too much economic and political uncertainty. Look for $1,000 gold by the end of the year!

Click here to answer. Results will be posted in the next eCollector.

Results from last survey: 32% selected the $20 High Relief as the most beautiful coin of all time. Click here for a complete breakdown.


What is a Type One Gold Dollar? Find out in Lingo, the PCGS dictionary of numismatic definitions. Click here for Lingo.

Subscribe to the online PCGS Population ReportSM for as little as $4.95 a month! Updated weekly, get the latest census data on all coins graded by PCGS. Click here to get a free peek at the population statistics for Indian Head $2 1/2 gold coins.


Our Readers Ask

Question: For a long time I have heard about various groups of anonymous investors who have participated in rare coin funds. Are there any interesting ones operating now?

Answer: In the past, there have been two really big-time Wall Street type funds that bought coins. Both were in the 1990-1992 time period. One was done by Kidder-Peabody and one was done by Merrill Lynch. Both funds were in the $15 million range. Both funds were liquidated shortly after being activated. Interestingly, both funds were launched very near the last big market top.

Merrill Lynch also had several ancient coin funds earlier on.

Throughout the past three decades, there have been several private funds (mostly limited partnerships) of smaller size than the public funds.

Today there are three funds (private... all controlled by the same investor(s) ) and all three funds finance wholesale coin dealers who use a basic strategy of buying really great coins and holding them until they make a trading profit. The funds definitely have an impact on the high-end coin market. They have pretty classic buying patterns... rare gold, high quality 19th-century type coins, etc.

-- David Hall, Professional Coin Grading Service

Do you have a question you would like to ask our experts? Click here.
Or, visit the PCGS messageboards, the most active coin forums online.

Join the PCGS Collectors Club ...Enjoy the Benefits!
If you love collecting coins, the PCGS Collectors Club is for you. Members enjoy direct access to all PCGS grading services, complimentary PCGS gradings and a wealth of essential information. All PCGS Collectors Club Members enjoy access to all Collectors Universe auctions, eShops and messageboards and the eZines of their choice. Joining is quick and easy. Just click here or call PCGS Customer Service at 800-447-8848. Do it today!


Announcements

Online Bidding for Lyn Knight Currency Auctions'
CPMX Sale Is Now Underway!

Welcome to the CPMX sale, Lyn Knight Currency Auctions' first sale of 2003. LKCA is excited about this sale and the many rarities it contains, which have either been discovered or rediscovered after many years in collections. These notes and a multitude of other notes make this sale appealing to a wide range of collectors from all over the world and with a variety of budgets. Online bidding for this three-session sale is currently underway! Click here to browse and to bid.


SEE PCGS ON BOTH COASTS!

Long Beach Coin and Collectibles Exposition
Long Beach Convention Center
100 S. Pine Avenue
Long Beach, CA
February 26 - March 2, 2003

Baltimore Coin & Currency Convention
Baltimore Convention Center
1 West Pratt Street
Baltimore, MD
March 13 - 16, 2003

On-site grading: PCGS will be accepting coins for on-site grading at both the Long Beach and Baltimore shows.
  • Special Show Service -- $65 per coin valued at $1,500 or less
  • Standard Show Service -- $100 per coin
  • Other Services: Coins may be submitted to all other PCGS grading levels at the shows.

Have your coins graded by PCGS and save on one-way postage! You may submit your coins at the show to all PCGS grading service levels. Your PCGS-graded coins will be mailed to you following the show.

Long Beach Show Dates and Hours: *Wednesday, February 26 is Dealer Set Up Day. We'll be accepting submissions from 2 p.m. - 7 p.m. February 26. Check with the show promoter for access to the facility.

Long Beach Coin and Collectibles Exposition Show Hours are as follows:
Dealer schedulePublic schedule
Wed. 2/26 (Set up) 2 p.m. - 7 p.m. 
Thur. 2/27 8 a.m. - 7 p.m.Thur. 2/27 10 a.m. - 6:30 p.m.
Fri. 2/28 9 a.m. - 7 p.m.Fri. 2/28 10 a.m. - 6:30 p.m.
Sat. 3/1 9 a.m. - 6:30 p.m.Sat. 3/1 10 a.m. - 6:30 p.m.
Sun. 3/2 9 a.m. - 3 p.m.Sun. 3/2 10 a.m. - 3 p.m.
(PCGS will not be attending on Sunday but the show will be open)


Baltimore Show Dates and Hours: March 13 - 16, 2003 (hours to be announced).

For more information about any of these shows, contact as below:

For more information about PCGS grading at the shows, call 800-447-8848.

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